Lower property tax revenue in Nevada during Q2

Anthony Wren Tax Commissioner at State of Nevada Department of Taxation | State of Nevada Department of Taxation

By Silver State Times

Oct 14, 2024

Nevada collected $394 million in property taxes during the second quarter, a 29.4% decrease from the first quarter, according to the U.S. Census Bureau's Quarterly Summary of State and Local Taxes.

Property tax revenue for the first quarter was $558 million.

Overall, Nevada collected $5.9 billion in combined tax revenues in the second quarter, an increase from the $3.8 billion collected in the previous quarter.

In addition to detailed tax revenue data from each state, the Quarterly Summary of State and Local Government Tax Revenue includes an estimate of state and local government tax revenue at a national level.

The Census Bureau cautions that it sets the tax classifications among the survey categories, and they may differ from the classifications set by the state governments.

Q2 Nevada Tax Collections